So I got out of my bed, ready to write my first Publish0x article but had to glance through the previous post and see what I did last before going to sleep. Then I found out the new tipping token added to Publish0x.
It was Loopring! Loopring really, I wondered what loopring is in the first place and why Publish0x added it as a tipping token after forgoing Hydro.
Hydro was good but not my ideal token but liked it anyway. And boom hydro was taken off due to good reasons from the Publish0x team and now we are giving Loopring as part of BAT and Dai as a tipping token.
I didn’t waste time to search for the particular token called Loopring.
Was I surprised about what loopring was? No, why? Because after glancing through and reading about it, I found out it was something cool to be added as a token on Publish0x. On top of that, it is an ERC-20 token built on the Etherium Blockchain.
Here is what I found from the LOOPRING website.
Read it here 👇👇👇
LOOPRING
“An Open Protocol for Scalable, Non-Custodial Exchanges
WHAT DOES LOOPRING DO
Loopring allows anyone to build high-throughput, non-custodial, orderbook-based exchanges on Ethereum by leveraging Zero-Knowledge Proofs.
WHY LOOPRING?
Secure👇👈🏿👇👈🏿👇
Loopring is an open-sourced, audited, and non-custodial exchange protocol, which means nobody in the Loopring ecosystem needs to trust others. Crypto assets are always under users’ own control, with 100% Ethereum-level security guarantees.
Loopring performs most operations, including order-matching and trade settlement, off the Ethereum blockchain. Such a design dramatically reduces gas consumption and thus overall settlement cost to only fractions of a cent. Loopring Is Abbreviated in the crypto space as LRC”
So now, do you understand why Publish0x Dev team chose loopring?
Stay still, fasting your seatbelt for a great ride on Publish0x with Loopring.
Special credit to the Loopring website.
